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Senior Product Manager Salary

On average, Senior Product Managers in the United States earn six-figure salaries ($123K) annually, making for a very well-paid profession. Total incomes of Senior Product Managers incorporate potential for, in a few cases, more than $25K from bonuses and close to $20K from profit sharing; these performance components cause packages to range between $83K and $159K. The company is the biggest factor affecting pay for this group, followed by geography and years of experience. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Work is enjoyable for Senior Product Managers, who typically claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
$78,854 - $144,484
(Median)
$79K
$110K
$140K
MEDIAN: $113,747
10%
50%
90%

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$20.68 - $78.39
(Median)
$21
$54
$78
MEDIAN: $54.00
10%
50%
90%

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Show Annual Salary Show Hourly Rate
National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$78,854 - $144,484  
   
Bonus
$2,937 - $24,618  
Profit Sharing
$1,956 - $19,756  
Commission
$14,916 - $30,837  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$83,276 - $158,545  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 2,820
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30$60$90
Hourly Rate
$20.68 - $78.39  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Bonus
$2,937 - $24,618  
   
Commission
$14,916 - $30,837  
Profit Sharing
$1,956 - $19,756  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$83,276 - $158,545  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 22
United States (change)

Job Description for Senior Product Manager

A senior product manager handles many of the oversight duties involved in getting a product from the concept stage to the production stage; they also work to maximize product by foreseeing customer and market demands. Depending on their business' needs, this can include a number of different tasks. Typically, a senior product manager is in charge of ensuring that best practices are followed, goals are met, and projects and related operations are conducted effectively. Senior product managers are often in charge of coordinating marketing, sales, and other product-implementation strategies to ensure that operations are properly conducted. When it comes to product development, there are usually numerous stakeholders in the success of a product who may have differing visions for the product. A senior product manager serves as a liaison between stakeholders and the development/implementation teams. A senior project manager also must evaluate the market to find ways to better serve the customers and increase profitability.

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Senior Product Manager Tasks

  • Define and document product requirements and roadmaps for execution and sales.
  • Collaborate with cross-functional teams for every stage of product development.
  • Transform business and market strategies into do-able, defined product plans.
  • Lead market research and position conversations to ensure viable products and balanced growth.

Common Career Paths for Senior Product Manager


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Compensation may increase greatly for Senior Product Managers who advance to upper-end positions like VP of Product Management. Median pay for VPs of Product Management is $177K per year. As Senior Product Managers progress in their field, many go on to become Product Management Directors. In fact, this transition is more common than anything else, and pay for the position is usually $136K per year. Another common career choice for Senior Product Managers is to move into a Marketing Director role. Typically, Marketing Directors get paid $79K.

Senior Product Manager Job Listings

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Popular Employer Salaries for Senior Product Manager


Senior Product Managers fill the offices of leading firms Amazon.com Inc, Oracle Corp., T-Mobile, Inc., Express Scripts Incorporated, and Intuit Inc. Senior Product Managers flock to Yahoo! Inc. for generous paychecks, where average earnings of $165K lead the pack in compensation. Other big spenders include Intuit Inc., Capital One Financial Corp, and Amazon.com Inc, top-paying firms where Senior Product Managers see paychecks nearing $154K, $151K, or $133K.

Also sliding in at the lower end of the scale are Oracle Corp. ($101K), T-Mobile, Inc. ($115K), and Amazon.com Inc ($133K).

Popular Skills for Senior Product Manager


Senior Product Managers report using a large range of skills on the job. Most notably, skills in Strategy, Program Management, Product Management, and Strategic Marketing are correlated to pay that is above average, with boosts in pay of 7 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel and Microsoft Office. Most people experienced in Product Development also know Product Marketing and Business Strategy.

Pay by Experience Level for Senior Product Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Senior Product Managers do not generally earn higher incomes from more experience in the field. The average beginner in this position makes around $108K, but folks who have been around for five to 10 years see a markedly higher median salary of $121K. Senior Product Managers with one to two decades of relevant experience report an average salary of approximately $127K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $131K.

Pay Difference by Location


Senior Product Managers can earn above-average salaries when they head west to California. Specifically, Sunnyvale, San Jose, and Mountain View represent the three top-paying cities for Senior Product Managers in the United States. Atlanta is home to the smallest salaries in the field, lagging the national average by 15 percent. Employers also pay below the national average in Minneapolis (12 percent lower) and Denver (10 percent lower).

Related Job Salaries

Experience Affects Senior Product Manager Salaries



National Average
$123,000



Skills That Affect Senior Product Manager Salaries







Business Strategy
up arrow 4%

End User Requirements Research
up arrow 3%

Market Research
up arrow 2%

Business Development
up arrow 2%

Product Development
0%

National Average
$123,000

Marketing Management
up arrow 1%

Project Management
up arrow 2%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 585 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
0%
1-4 years
9%
5-9 years
30%
10-19 years
48%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 89%
vision benefits Vision: 78% employee benefits None: 4%